Tether Tokens (USDT) are introduced natively on Avalanche. This was reported by Avalanche to Cointelegraph in Spanish. This implies that Avalanche’s DeFi ecosystem is the largest stable coin by market capitalization.
“Tether Operations Limited (Tether), the company that operates the blockchain-enabled platform tether.to, which provides the largest stable coin by market capitalization, will be Tether Tokens (USDT) on Avalanche, an open source platform for the launch of a strongly decentralized, new platform, introduce financial primitives and interoperable blockchains “, displayed by Avalanche through an official channel.
“We are very excited to launch the USDT at Avalanche,” said Paolo Ardoino, CTO of Tether.
“”The introduction of USDT at Avalanche gives traders a quick and profitable way to transfer USDT across various exchanges. Avalanche’s vision of a highly scalable blockchain with low transaction fees and interoperability has been endorsed by some of the brightest minds in space. “he added later
It should be noted that decentralized finance (DeFi) activity in the avalanche area has been booming since the Avalanche-Ethereum Bridge (AEB) launched in February. Since launch, users have executed more than two million smart contract transactions and created 100,000 unique addresses.
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